Bond yields edged higher on Monday, tracking gains in U.S. Treasury yields, even as demand for debt remains muted amid concerns about the government fiscal situation.
In the global market, the 10-year Treasury yield jumped to a four-year high after a better-than-expected jobs report reflected rising wages. Furthermore, Oil prices extended declines from the end of last week on the back of a stronger dollar, with Brent crude falling to its lowest in nearly a month.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.59% from its previous close of 7.57% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.43% from its previous close of 7.44% on Friday.